Ghana: Beef Market Overview 2021

Beef Market Size in Ghana

The Ghanian beef market rose slightly to $X in 2019, surging by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Beef Production in Ghana

In value terms, beef production declined dramatically to $X in 2019 estimated in export prices. Overall, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2010; however, from 2011 to 2019, production stood at a somewhat lower figure.

The average yield of beef (cattle meat) in Ghana rose slightly to X kg per head in 2019, growing by X% on the year before. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the yield increased by X% year-to-year. Over the period under review, the average beef yield attained the peak level in 2019 and is expected to retain growth in years to come.

In 2019, number of animals slaughtered for beef production in Ghana dropped to X heads, approximately mirroring the previous year's figure. Over the period under review, the number of producing animals recorded a mild slump. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, the amount of producing animals reached the peak level of X heads. From 2009 to 2019, the growth of this number remained at a somewhat lower figure.

Beef Exports

Exports from Ghana

In 2019, overseas shipments of beef (cattle meat) decreased by X% to X kg, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X kg in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

In value terms, beef exports amounted to $X in 2019. Overall, exports faced a sharp curtailment. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2007 to 2019, the average annual growth rate of value to No country was relatively modest.

Beef Imports

Imports into Ghana

In 2019, beef imports into Ghana skyrocketed to X tonnes, growing by X% on the year before. Over the period under review, imports, however, saw a slight contraction. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, beef imports skyrocketed to $X in 2019. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest beef supplier to Ghana, with a X% share of total imports. Moreover, beef imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Ireland (X tonnes), sixfold. The UK (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and the UK (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of beef to Ghana, comprising X% of total imports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2019, the average beef import price amounted to $X per tonne, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2010; however, from 2011 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in the world?

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The countries with the highest volumes of beef consumption in 2019 were the U.S. (12M tonnes), Brazil (8.4M tonnes) and China (7.5M tonnes), together comprising 39% of global consumption. Argentina, Pakistan, Mexico, Russia, India, France, Germany and Turkey lagged somewhat behind, together accounting for a further 19%.

What are the largest producers of beef (cattle meat) in the world?

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The countries with the highest volumes of beef production in 2019 were the U.S. (12M tonnes), Brazil (10M tonnes) and China (6.5M tonnes), together comprising 40% of global production. These countries were followed by Argentina, India, Australia, Mexico, Pakistan, Russia, France, Canada, Germany and Turkey, which together accounted for a further 25%.

What are the leading suppliers of beef (cattle meat) to Ghana?

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In value terms, the Netherlands ($11M) constituted the largest supplier of beef to Ghana, comprising 65% of total imports. The second position in the ranking was occupied by Ireland ($1.8M), with a 10% share of total imports. It was followed by the UK, with a 7% share.

What is the average import price for beef (cattle meat) in Ghana?

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In 2019, the average beef import price amounted to $1,350 per tonne, increasing by 5.7% against the previous year.